Reserve Bank of Malawi

Welcome to Reserve Bank of Malawi Website

The Reserve Bank of Malawi was established under an Act of Parliament in July 1964 (Chapter 44:02 Laws of Malawi) and started its operations in June, 1965 in Blantyre. It replaced a branch of the Federal Bank of Rhodesia and Nyasaland founded to serve as a central bank of the Federation of Rhodesia and Nyasaland. The federation comprised Southern Rhodesia (now Zimbabwe), Northern Rhodesia (now Zambia) and Nyasaland (now Malawi) . click here to read more

Exchange Rates


Inflation Rates (%)Overall

12-Month 8.50 Jun - 2020
Non-Food: 4.50 Food: 13.40


Bank Rates

Effective Month
Bank Rate 13.50 May 2019
Reference Rate 13.40 Jun 2020
Lending Rate (Min) 13.20 Apr 2020
Lending Rate (Max) 25.35 Jan 2020
Savings Deposit Rate 4.47 Oct 2019


Treasury Bills

Treasury Bills Auction Results

Auction Date:  Jul 28, 2020

The Reserve Bank of Malawi wishes to notify the public that during the auction held on Tuesday, Jul 28, 2020, it raised MK 7,395.73 Million. For more details, click the link below...

TB Auction Results Summary 28 July 2020  | view archive


The Government of Malawi seeks to issue through the Reserve Bank of Malawi the following respective tenors of Treasury Notes. Learn More 

 Download Bid Forms and Prospectus

 Latest Treasury Notes Results  | view archive


Download forms and related documents for RBM bonds here. You can also submit your bids by sending email to
Bid Form For 3-year Bond
Prospectus of 3-year Bond